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Norman leads Vista buy-out
Vista Support Services, a provider of support and maintenance services to electronic point of sales (EpoS) systems, has undergone a management buy-out.
Managing director Brian Norman and finance director Richard Olds led the deal, which was backed by Finance Wales and HSBC.
The team received an undisclosed equity and debt investment from Finance Wales with additional debt from HSBC.
The buy-out will enable management to pursue expansion through new and existing contracts with independent retailers as well as larger blue chip companies within the retail and hospitality sectors.
Norman said: “The management buy-out agreement will allow Vista to explore new maintenance services across a wide range of retail vendors.”
Gambit and Geldards advised Vista while PwC, PBD Consulting, Armstrong Craven and Hugh James advised Finance Wales.
Mike Kear, corporate banking manager at HSBC, added: “Vista provides an integral service to major high street retailers and hospitality companies throughout the UK.”
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